Airline Garuda Indonesia posts net loss of $1.07 billion in January-September 2020
Reuters
November 19, 2020 04:36 MYT
November 19, 2020 04:36 MYT
A plane belonging to Garuda Indonesia is seen on the tarmac of Terminal 3, Soekarno-Hatta International Airport near Jakarta, Indonesia April 28, 2017. REUTERS/Darren Whiteside
JAKARTA: Airline PT Garuda Indonesia posted a net loss of $1.07 billion for the January-September period this year, a company filing to the stock exchange showed, as the coronavirus outbreak battered the global travel industry.
In comparison, Garuda posted a $122.42 million profit in the same period last year, the filing issued late on Wednesday showed.